10 Things you need to know about ransomware

Some cyber security experts call ransomware attacks an epidemic. In 2016, the FBI estimated that ransomware attacks resulted in over $1 billion in income for cyber criminals*. Experts attribute the ransomware epidemic to people’s carelessness in clicking on phishing emails and infected advertisements.

Here are 10 things organisations should know about ransomware:

Ransomware was first reported in 1989

Ransomware doesn’t discriminate when it comes to platforms and devices

Ransomware can be distributed through various channels

Ransomware often goes undetected

Organisations should change their mindset from a reactive-based model to a prevention-oriented one

Organisations should develop a prevention and response plan

Organisations should identify a prevention and response team

Organisations should perform a compromise assessment

Organisations should complete a security tools assessment

Organisations should respond and future-proof

As threatening as ransomware sounds, damage can be avoided with increased user awareness coupled with the right security practices. Businesses need to be aware of the risks and take adequate precautions to minimize the impact in the event of an attack.

*Source: CNN

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